M&T Bank Corp Sells 115 Shares of Credicorp Ltd. (NYSE:BAP)

M&T Bank Corp reduced its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,961 shares of the bank’s stock after selling 115 shares during the quarter. M&T Bank Corp’s holdings in Credicorp were worth $1,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BAP. FMR LLC lifted its position in shares of Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after acquiring an additional 199,137 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Credicorp by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock valued at $550,670,000 after purchasing an additional 13,868 shares during the period. Baillie Gifford & Co. raised its stake in shares of Credicorp by 2.5% during the 3rd quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock valued at $302,991,000 after purchasing an additional 41,409 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Credicorp by 782.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock worth $240,138,000 after purchasing an additional 1,176,612 shares in the last quarter. Finally, State Street Corp boosted its stake in Credicorp by 2.0% in the 3rd quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock worth $207,235,000 after purchasing an additional 21,943 shares during the period. 89.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BAP. The Goldman Sachs Group upped their price target on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th.

Credicorp Stock Down 1.6 %

Credicorp stock opened at $189.64 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50-day simple moving average of $188.50 and a 200 day simple moving average of $175.67. Credicorp Ltd. has a 52 week low of $132.19 and a 52 week high of $200.00.

Credicorp Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 23rd were issued a dividend of $2.9084 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, September 23rd. Credicorp’s payout ratio is 53.30%.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.